Georgia-Pacific announced an agreement with private equity firm TJC, L.P. to acquire Anchor Packaging, a leading U.S. producer of rigid food containers and cling film.
Anchor Packaging, headquartered in St. Louis with operations in Arkansas and Wisconsin, serves food service, retail, and processor channels. The company has been part of TJC’s portfolio since 2019. Financial terms of the deal were not disclosed. Closing remains subject to regulatory review and customary conditions, with completion expected later this year.
Georgia-Pacific said the acquisition will strengthen its consumer products platform, particularly its Dixie® business, by adding Anchor’s expertise in food-to-go packaging.
“Anchor Packaging will be a significant addition to Georgia-Pacific’s consumer products platform with capabilities that will especially complement our Dixie® business,” said David Duncan, executive vice president of Georgia-Pacific's Consumer Products Group.
Jeff Wolff, Anchor Packaging’s president and CEO, described the agreement as an opportunity to expand the company’s product portfolio and accelerate innovation. “This partnership allows us to expand our product portfolio, strengthen our supply chain and accelerate our commitment to innovation,” he said.
Fernando González, president of Dixie, added that the acquisition supports Georgia-Pacific’s vision of being a preferred partner for food and beverage packaging solutions.
Advisors on the transaction included RBC Capital Markets and Goldman Sachs for Anchor Packaging, and Nomura Securities International, Inc. for Georgia-Pacific.
Headquartered in Atlanta, Georgia-Pacific is one of the world’s leading manufacturers of tissue, pulp, packaging, building products, and related chemicals. The company employs tens of thousands of people at more than 150 facilities worldwide, serving customers in consumer, commercial, and industrial markets.
